Louis Vuitton might be huge luxury brand and of course, it’s kinda hard to buy such expensive accessories but when you get to know that a brand like Louis Vuitton burns all its unsolved bags, every year.
That’s messed up!
If we can use it for charity, then why it should be destroyed?
And here’s the reason behind Louis Vuitton burning all its unsold bags every year,
LV doesn’t want to put their bags on a lower price, So just to maintain its exclusivity, they set it on fire.
Yes, that’s the bizarre reason behind it.
But there’s is another reason why LV burns its unsolved bags.
As per U.S. Duty Drawback Law, if something imported into the country after paying a duty on it is destroyed with customs notification, the duty is paid back.
And now, since LV bags have high duty rates, it’s a great way to make up for the loss of sales.
Also, Louis Vuitton does this so that everyone pays the same price for their Bags!
Don’t you think Burning such expensive bags is not right at all?